Tokyo stocks end down 3rd day, techs lead retreat
(UPDATE: Updates to close)
Monday March 25, 1:23 am Eastern Time
biz.yahoo.com
TOKYO, March 25 (Reuters) - Tokyo stocks ended in negative territory for a third straight session on Monday, led by Kyocera Corp and other major high-tech shares following a retreat in their U.S. peers.
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Top banks found support from window-dressing activities ahead of the fiscal year-end on March 31. Overall trading was light and many institutional investors were reluctant to trade actively ahead of Monday's final day for settlement for this year.
The benchmark Nikkei average lost 0.74 percent or 83.99 points to 11,261.09, while the capital-weighted TOPIX index (^TOPX - news) shed 0.32 percent or 3.43 points to 1,073.20.
Kyocera, the world's largest maker of ceramic packages for chips, fell 3.53 percent to 9,290 yen to trail a 0.93 percent dip in the tech-heavy U.S. Nasdaq index (^IXIC - news) south.
A mere 665.39 million shares changed hands on the first section of the Tokyo Stock Exchange, the lowest in over a month and down 18 percent from last week's average. Total value came in at 703.83 billion yen, its lowest since February 26.
NTT DoCoMo Inc firmed 0.6 percent to 1.68 million yen, accounting for about 12 percent of turnover. |
